• World - Europe
  • Updated: May 29, 2023

Ukraine's Parliament Supports Drone Industry With Tax Exemptions To Boost Defense Efforts

Ukraine's Parliament Supports Drone Industry With Tax Exempt

Ukraine's parliament voted on Monday to provide tax exemptions for domestic drone producers, aiming to bolster its defence capabilities in the face of the ongoing conflict.

The exemptions, outlined in two bills, cover the import of equipment and parts necessary for drone production and repair.

Lawmaker Yaroslav Zheleznyak highlighted this move as crucial support for a sector that Kyiv considers vital for its war efforts.

However, the bills still require President Volodymyr Zelenskiyy's approval before implementation.

Recognizing the cost-effective nature of drones, Ukraine has been actively seeking to bridge its armament gap with Russia, a nuclear power with significant long-range conventional capabilities.

Drones offer Ukraine the ability to conduct surveillance and targeted strikes, enhancing its defence capabilities.

The Ukrainian defence ministry collaborates with more than 80 drone manufacturers, illustrating the importance placed on this technology.

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